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Charitable Gift Annuity
Funding a Charitable Gift Annuity (CGA)* guarantees that you (and your partner) will receive fixed income payments for the rest of your life and lessen your taxable income, all while supporting a charity you love. With interest rates continuing to hover near zero, you also get a much better return on your money than what is available on the open market. *Single donors must be 65 or older and make a minimum gift of $10,000. Couples must both be 65 or older and make a minimum combined gift of $20,000.
For donors who are younger than 65 years old a Deferred Charitable Gift Annuity (D-CGA)* is a wonderful way to guarantee that at a point in the future you will be receiving fixed income payments for the rest of your life, while enjoying the immediate tax benefits of donating to charity today. Much like Social Security, the longer you wait to start receiving payments after funding the gift, the higher your rate will be. *Individual donors only.
To discuss any of these options with a gift specialist and receive a complimentary illustration, please contact our Planned Giving department at 516-883-7900, ext.354, or email us at firstname.lastname@example.org.